Gw Henssler & Associates LTD Has Upped Position in Oge Energy (OGE) by $526,816; Westlake Chem (WLK) Shareholder Tricadia Capital Management Decreased Stake as Stock Rose

June 14, 2018 - By Dolores Ford

Westlake Chemical Corporation (NYSE:WLK) Logo

Gw Henssler & Associates Ltd increased its stake in Oge Energy Corp (OGE) by 4.47% based on its latest 2018Q1 regulatory filing with the SEC. Gw Henssler & Associates Ltd bought 16,463 shares as the company’s stock rose 6.54% while stock markets declined. The institutional investor held 384,585 shares of the central company at the end of 2018Q1, valued at $12.60 million, up from 368,122 at the end of the previous reported quarter. Gw Henssler & Associates Ltd who had been investing in Oge Energy Corp for a number of months, seems to be bullish on the $6.90 billion market cap company. The stock increased 1.62% or $0.55 during the last trading session, reaching $34.55. About 642,724 shares traded. OGE Energy Corp. (NYSE:OGE) has declined 2.52% since June 14, 2017 and is downtrending. It has underperformed by 15.09% the S&P500. Some Historical OGE News: 03/05/2018 – OGE ENERGY 1Q EPS 27C, EST. 17C; 03/05/2018 – OGE Energy Corp. Backs 2018 EPS $1.90-EPS $2.05; 03/05/2018 – OGE ENERGY CORP QTRLY TOTAL OPERATING REVENUES $492.7 MLN VS $456.0 MLN; 27/04/2018 – OGE: OGE Launches Institute for Ethics in Government Learning Portal; 03/05/2018 – OGE Energy Corp. 1Q EPS 27c; 03/05/2018 – OGE Energy Corp. 1Q Net $55M; 12/04/2018 – OGE Energy Closes Below 50-Day Moving Average: Technicals; 03/05/2018 – OGE Energy Backs FY EPS $1.90-EPS $2.05; 03/05/2018 – OGE Energy 1Q Rev $492.7M; 05/03/2018 – S&PGR Rev. OGE Energy And Sub Otlks To Negative; Rtgs Afrmd

Michael Barnes decreased its stake in Westlake Chem Corp (WLK) by 25% based on its latest 2018Q1 regulatory filing with the SEC. Tricadia Capital Management Llc sold 25,000 shares as the company’s stock rose 5.41% while stock markets declined. The hedge fund run by Michael Barnes held 75,000 shares of the major chemicals company at the end of 2018Q1, valued at $8.34M, down from 100,000 at the end of the previous reported quarter. Tricadia Capital Management Llc who had been investing in Westlake Chem Corp for a number of months, seems to be less bullish one the $14.56B market cap company. The stock decreased 0.06% or $0.07 during the last trading session, reaching $112.36. About 348,530 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 89.73% since June 14, 2017 and is uptrending. It has outperformed by 77.16% the S&P500. Some Historical WLK News: 23/05/2018 – Westlake Presenting at Conference Jun 12; 13/03/2018 – Westlake Financial Partners with AUL; 06/03/2018 Westlake Launches New Prime Program with 2.99% APRs; 03/05/2018 – S&PGR Asgns Westlake Auto Rcvbls Trust 2018-2 Nts Prelim Rtgs; 27/03/2018 – Westlake Announces New Third Party Servicing Entity and Partnerships; 08/05/2018 – Westlake Announces Agreement with Ally’s SmartAuction; 03/05/2018 – WESTLAKE CEO ALBERT CHAO SPEAKS ON 1Q EARNINGS CALL; 17/05/2018 – HUB California Adds Mark Dobbs to HUB’S National Real Estate Specialty Practice in Westlake Village; 18/04/2018 – Moody’s Revises Outlook for Westlake Chemical Corp. to Positive; Affirms Baa3 Ratings; 29/05/2018 – Westlake Announces New Spot Insurance for Dealers

Since February 22, 2018, it had 0 insider purchases, and 17 selling transactions for $20.20 million activity. $221,270 worth of Westlake Chemical Corporation (NYSE:WLK) shares were sold by Bender Mark Steven. 2,161 shares were sold by Mangieri George J, worth $245,079. BLAKELY ROBERT T sold $448,218 worth of Westlake Chemical Corporation (NYSE:WLK) on Tuesday, February 27. $1.05M worth of stock was sold by Teel Lawrence E. on Monday, February 26. Shares for $773,665 were sold by Ederington L. Benjamin. LUKENS MAX L sold $1.95 million worth of stock or 17,558 shares.

Another recent and important Westlake Chemical Corporation (NYSE:WLK) news was published by Globenewswire.com which published an article titled: “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …” on June 12, 2018.

Among 19 analysts covering Westlake Chemical (NYSE:WLK), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. Westlake Chemical had 67 analyst reports since July 24, 2015 according to SRatingsIntel. Suntrust Robinson upgraded the shares of WLK in report on Wednesday, June 15 to “Buy” rating. Goldman Sachs downgraded Westlake Chemical Corporation (NYSE:WLK) on Monday, August 10 to “Neutral” rating. The stock of Westlake Chemical Corporation (NYSE:WLK) has “Buy” rating given on Tuesday, April 17 by RBC Capital Markets. The stock of Westlake Chemical Corporation (NYSE:WLK) earned “Neutral” rating by JP Morgan on Monday, April 9. On Tuesday, January 16 the stock rating was downgraded by Bank of America to “Underperform”. On Thursday, September 1 the stock rating was maintained by Cowen & Co with “Outperform”. RBC Capital Markets downgraded Westlake Chemical Corporation (NYSE:WLK) on Thursday, November 5 to “Sector Perform” rating. The stock has “Buy” rating by RBC Capital Markets on Monday, September 18. Deutsche Bank maintained Westlake Chemical Corporation (NYSE:WLK) on Thursday, February 22 with “Hold” rating. The stock of Westlake Chemical Corporation (NYSE:WLK) has “Hold” rating given on Monday, June 11 by RBC Capital Markets.

Investors sentiment decreased to 1.02 in Q1 2018. Its down 0.31, from 1.33 in 2017Q4. It is negative, as 28 investors sold WLK shares while 101 reduced holdings. 69 funds opened positions while 62 raised stakes. 36.22 million shares or 0.10% less from 36.26 million shares in 2017Q4 were reported. Fund Mgmt Sa reported 71,554 shares. Public Employees Retirement Association Of Colorado reported 1,349 shares. National Bank Of America Corporation De accumulated 323,211 shares. Thompson Siegel & Walmsley Lc reported 0% stake. Howe Rusling Inc reported 49 shares stake. Metropolitan Life Communication Ny has invested 0% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Meeder Asset Mngmt Inc has invested 0.12% in Westlake Chemical Corporation (NYSE:WLK). The Georgia-based Synovus Financial has invested 0% in Westlake Chemical Corporation (NYSE:WLK). Public Sector Pension Inv Board holds 0.01% or 12,900 shares in its portfolio. Goldman Sachs Grp Inc reported 1.18M shares. Pnc Fincl Service accumulated 713 shares. Ameritas Prtn, a Nebraska-based fund reported 6,200 shares. Alpine Mngmt Limited Liability Co holds 5,294 shares or 0.14% of its portfolio. Virginia Retirement Et Al holds 0.14% or 107,400 shares. Manufacturers Life Insurance The has invested 0% of its portfolio in Westlake Chemical Corporation (NYSE:WLK).

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on August, 2. They expect $2.47 earnings per share, up 104.13% or $1.26 from last year’s $1.21 per share. WLK’s profit will be $320.09 million for 11.37 P/E if the $2.47 EPS becomes a reality. After $2.24 actual earnings per share reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts 10.27% EPS growth.

Since February 26, 2018, it had 2 insider purchases, and 0 selling transactions for $63,162 activity. Shares for $3,228 were bought by WALWORTH CHARLES B on Monday, February 26.

More news for OGE Energy Corp. (NYSE:OGE) were recently published by: Prnewswire.com, which released: “OGE Mustang Energy Center rate review agreement to save residential customers on average $4.44 per month” on June 13, 2018. Globenewswire.com‘s article titled: “Market Trends Toward New Normal in The Trade Desk, Walker & Dunlop, Fairmount Santrol, OGE Energy, Acushnet …” and published on May 16, 2018 is yet another important article.

Gw Henssler & Associates Ltd, which manages about $1.21B and $995.56M US Long portfolio, decreased its stake in Illinois Tool Wks Inc (NYSE:ITW) by 5,305 shares to 38,051 shares, valued at $5.96 million in 2018Q1, according to the filing. It also reduced its holding in Unitedhealth Group Inc (NYSE:UNH) by 1,833 shares in the quarter, leaving it with 76,358 shares, and cut its stake in Altria Group Inc (NYSE:MO).

Investors sentiment decreased to 1.01 in Q1 2018. Its down 0.08, from 1.09 in 2017Q4. It is negative, as 31 investors sold OGE shares while 113 reduced holdings. 47 funds opened positions while 98 raised stakes. 123.38 million shares or 1.56% more from 121.48 million shares in 2017Q4 were reported. Viking Fund Management Limited Company has invested 1.57% in OGE Energy Corp. (NYSE:OGE). Miller Howard Invs Ny, New York-based fund reported 297,388 shares. National Bank Of America Corporation De has 591,830 shares. Alliancebernstein Lp accumulated 181,667 shares. Brinker Capital holds 0.02% of its portfolio in OGE Energy Corp. (NYSE:OGE) for 18,336 shares. 367 were accumulated by Gradient Investments. Kbc Grp Nv accumulated 20,495 shares. Shelton Cap reported 14,118 shares. Utah Retirement Sys has 37,190 shares. Vantage Inv Prtn Limited invested in 366,837 shares or 0.99% of the stock. Opus Mgmt, a Massachusetts-based fund reported 66,000 shares. Moreover, Sumitomo Mitsui Trust has 0.03% invested in OGE Energy Corp. (NYSE:OGE) for 595,455 shares. Numerixs, a British Columbia – Canada-based fund reported 10,400 shares. Atlantic Trust Group Lc reported 222 shares or 0% of all its holdings. Icon Advisers Inc accumulated 45,200 shares.

Among 11 analysts covering OGE Energy (NYSE:OGE), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. OGE Energy had 23 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Hold” rating by Goldman Sachs on Thursday, July 20. The company was maintained on Friday, August 4 by Jefferies. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 18 with “Hold”. The stock of OGE Energy Corp. (NYSE:OGE) has “Hold” rating given on Thursday, January 18 by Bank of America. The rating was downgraded by Edward Jones on Wednesday, December 27 to “Hold”. The firm has “Hold” rating given on Friday, July 21 by Jefferies. As per Friday, February 23, the company rating was upgraded by Bank of America. The stock of OGE Energy Corp. (NYSE:OGE) earned “Equal-Weight” rating by Barclays Capital on Friday, March 18. Jefferies maintained OGE Energy Corp. (NYSE:OGE) on Friday, June 9 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Wednesday, September 27.

OGE Energy Corp. (NYSE:OGE) Institutional Positions Chart

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By1 Dolores Ford

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